Government of Canada Lends Support to Usinage Pro-24 Inc.

ASBESTOS, QUEBEC--(Marketwired - Dec. 8, 2014) - Canada Economic Development for Quebec Regions (CED)

Acting on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, the Honourable Christian Paradis, Member of Parliament for Mégantic-L'Érable and Minister of International Development and of La Francophonie, announces that Usinage Pro-24 Inc. has been granted financial assistance to help the firm boost its productivity and undertake commercialization activities on the American market.

This assistance has been awarded in the form of a $157,500 repayable contribution through the Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile.

Quick facts

• This financial support will enable Usinage Pro-24 to increase its productivity and production capacity through the acquisition of new equipment and the reconfiguration of its manufacturing plant.
• The growing firm's overall project also includes carrying out commercialization activities in the United States.
• The Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile aims to support projects linked with the economic diversification of the Des Appalaches and Des Sources RCMs that have the potential to create jobs in the short and long terms.

Quotes

"Our government is helping Quebec businesses grow so they can create more jobs. By lending assistance to Usinage Pro-24 Inc., we are supporting the productivity of Canadian businesses and the competitiveness of our country's economy."

Christian Paradis, Member of Parliament for Mégantic-L'Érable and Minister of International Development and of La Francophonie

"Our company, Usinage Pro-24 Inc., has been rooted in the municipality of Asbestos for nearly 15 years. This financial assistance announced today will ensure our growth and, by extension, help maintain and create jobs in the region."

Hugo Michel, President, Usinage Pro-24 Inc.

Related links

Usinage Pro-24 Website: http://www.usinagepro24.com/usinagepro24e.html

News release on the launch of the Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile

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